Business Studies

The government company cannot enter into contract or acquire property in its own name.


ANSWER

False


SOLUTION
government contractor is a company (privately owned or publicly traded but not a state-owned enterprise) either for-profit or non-profit – that produces goods or services under contract for the governmentOwnership is the state or fact of exclusive rights and control over property, which may be an object, land/real estate or intellectual property
Ownership is self-propagating in that the owner of any property will also own the economic benefits of that property.
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TRUE/FALSE Medium Published on 18th 08, 2020
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